FNM - Finance for Non-Financial Managers

Duration

Two days in the classroom and 30 Days for the Assignment.

Overview

Unit Standard 117156 - Interpret basic financial statements - 4 credits at NQF Level 04.

1. Terms and Definitions

  • Discussion on Terms and Definitions
  • Budgeting
  • Types of Budgets and their uses
  • How Companies prepare Budgets
  • Minimising Costs
  • Personal Budgeting

2. Income and expenditure statement

  • Purpose of an Income Statement
  • Types of Income and Expenditure
  • Sources of Income
  • Financial Viability
  • Break-even Point

3. Balance Sheet

  • Purpose of a Balance Sheet
  • Determine Financial Nett Worth
  • Assets
  • Liabilities
  • Balance Sheets of an Entity

4. Assets and Liabilities' Statement

  • Example assets and Liabilities Statement
  • Record Keeping

5. Evidence in Financial Statements

  • Strengths and Weaknesses
  • Cost to Income Ratio
  • Financial Relationships
  • Cash Flow